Spain's ACS group has reached a deal to sell its 25.8% stake in compatriot transport and logistics firm Abertis, worth some 2.9bn euros (US$3.73bn), to CVC Capital Partners, comprised of ACS-controlled Admirabilia and Dutch firm Trebol.
ACS will retain a 10.3% share in Abertis through Admir...

Congress approves US$35mn for metro repairs (Venezuela)

2010-08-12

Venezuela's congress has unanimously approved a credit of 150mn bolivares (US$34.9mn, officially) for improvements to the metro system in capital city Caracas, congress reported on its website.
The transport and communications ministry requested the funds to carry out repairs, which will in...

Puerto Rico's government will invest US$60mn in infrastructure projects in Yauco municipality and the country's southwestern region, according to governor Luis Fortuño.
Projects include repaving highway PR2, which runs from coastal city Peñuelas to Sabana Grande, paper El Voce...

Ausol reaches agreement to restructure US$291mn debt (Argentina)

2010-08-11

Argentine tollroad operator Autopistas del Sol (Ausol) has reached an agreement with its creditors to restructure 94.9% of its debt, totaling US$291mn.
Due to financial difficulties, Ausol proposed to exchange the debt, which expired in 2014 and 2017, for new loans maturing in 2015 and 2020...

SCT spending reaches US$1.5bn in H1 (Mexico)

2010-08-11

Mexico's transport and communications ministry (SCT) spent 19bn pesos (US$1.507bn) during H1, which represents a 32.6% increase in investment compared with 1H07, the ministry said in a release.
The ministry spent just 6.2bn pesos in 1H07, SCT head Juan Francisco Molinar said during a presen...

Brazil urgently needs to upgrade port infrastructure in its eastern region to support the country's flourishing agricultural sector, logistics expert Antonio Wrobleski Filho told BNamericas.
"Among the facilities in urgent need of upgrades are the northeastern ports of Recife in Pernam...

Quito to receive US$878mn under new airport concession agreement (Ecuador)

2010-08-11

The government of Ecuadorian capital Quito has signed an agreement with airport concessionaire Quiport, ending year-long negotiations over construction of the city's new airport.
The renegotiated concession contract involves assigning a larger income to the municipal government, which now e...

MOPT to open overpass on August 30 (Costa Rica)

2010-08-10

Costa Rica's public works and transport ministry (MOPT) will open a new overpass in San Jose province's Alajuelita canton on August 30, the entity said in a release.
Local construction firm Meco is completing the project's final details, including access roads and surface markings, the repo...